8. Is Inequality Bad?

No two people are the same. But our differences aren’t a bad thing. In fact, our differences allows us to use our special talents and skills to trade with others and live meaningful lives.

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Key Terms

  • Division of labor: A production process involving many different people, each of whom specialize in and work on a different task, thereby collaborating to do something greater together than any one of them could do alone.
  • Dystopia: A society characterized by oppression, misery, and usually significant government coercion over people.

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On Recessions and Moving Goalposts

Let’s be real: America’s economy is in the tank. You don’t have to be a rocket scientist (or economist) to figure that one out. Heck, you just have to set foot in a grocery store! But, dire as our situation is, it’s still not a recession… At least, not according to the “experts.” Never mind that our economy has experienced two straight quarters of negative economic growth. (Until about last week, this was the literal definition of a recession.) The thing is, recessions aren’t so good for politicians. Especially not in a big election year. So, rather than addressing the root causes of our horrible economy, our politicians are doing what they do best: changing the terms. That said, it’s no surprise that Biden’s Treasury Secretary Janet Yellen is now claiming we’re not in a recession: she says we’re just in a “period of transition in which growth is slowing.”

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From the trusted team behind the Tuttle Twins books, join us as we tackle current events, hot topics, and fun ideas to help your family find clarity in a world full of confusion.

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